On August 9, 2022, Emerson Electric reported Q3 revenues of $5.0 billion (a growth of 6.6% year-over-year) on adjusted earnings per share (EPS) of $1.38.
Summary: Emerson Electric’s Q3 2022 revenues grew by 6.6% as compared to the same period in 2021. Emerson Electric reports its revenues across three segments: Automation Solutions, Commercial & Residential Solutions, and AspenTech.
The company reported earnings before interest and tax (EBIT) of $1,245 million during Q3 2022, resulting in EBIT margins of 24.9%. On the bottom line, the company reported a GAAP EPS of $1.54, whereas the adjusted earnings came to $1.38 per share.
Guidance: For the fiscal year 2022 the management has guided to:
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